Stock market capitalization to GDP in Panama

Panama: Stock market capitalization to GDP was 25.8% in 2020. ▲ Rising

Latest (2020)
25.8%
Change on year
up 0.1%
World rank
57th
of 91 countries
All-time high
39.4%
in 2006
All-time low
5.0%
in 1993
Years of data
28
1993–2020

Stock market capitalization to GDP in Panama, 1993–2020

0102030401993200620201993: 5 %1994: 8.1 %1995: 8.7 %1996: 13 %1997: 20.4 %1998: 33 %1999: 28.7 %2000: 22.7 %2001: 20.8 %2002: 23.8 %2003: 23.5 %2004: 28 %2005: 36.4 %2006: 39.4 %2007: 33.8 %2008: 28.1 %2009: 28.5 %2010: 28.4 %2011: 30.8 %2012: 31 %2013: 27.6 %2014: 27.6 %2015: 24.4 %2016: 23.4 %2017: 24.2 %2018: 24.1 %2019: 25.8 %2020: 25.8 %

Source: Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Measured in %.

Analysis

Panama recorded 25.8% for stock market capitalization to gdp in 2020.

Compared with earlier readings it is up 0.1% on the previous year and down 8.9% over ten years.

Over the whole period, stock market capitalization to gdp in Panama peaked at 39.4% in 2006 and was at its lowest, 5.0%, in 1993.

That places Panama 57th out of 91 countries with data for 2020, putting it in the middle of the range.

The long-run direction has been consistently rising across the 28 years of available data.

Stock market capitalization to GDP in Panama, year by year

Annual values for Stock market capitalization to GDP (%) in Panama, 1993 to 2020.
Year % Change
1993 5.0%
1994 8.1% +63.8%
1995 8.7% +6.7%
1996 13.0% +49.3%
1997 20.4% +57.2%
1998 33.0% +61.9%
1999 28.7% -13.0%
2000 22.7% -20.9%
2001 20.8% -8.3%
2002 23.8% +14.4%
2003 23.5% -1.3%
2004 28.0% +19.0%
2005 36.4% +30.1%
2006 39.4% +8.3%
2007 33.8% -14.2%
2008 28.1% -17.0%
2009 28.5% +1.4%
2010 28.4% -0.4%
2011 30.8% +8.6%
2012 31.0% +0.8%
2013 27.6% -11.2%
2014 27.6% -0.0%
2015 24.4% -11.6%
2016 23.4% -3.8%
2017 24.2% +3.1%
2018 24.1% -0.2%
2019 25.8% +7.0%
2020 25.8% +0.1%

Averages by decade

DecadeAverage LowestHighest Years
1990s 16.7% 5.0% 33.0% 7
2000s 28.5% 20.8% 39.4% 10
2010s 26.7% 23.4% 31.0% 10
2020s 25.8% 25.8% 25.8% 1

Countries ranked near Panama

  1. 54 Greece 27.0% compare
  2. 55 Kazakhstan 26.4% compare
  3. 56 Lebanon 25.8% compare
  4. 58 Portugal 25.6% compare
  5. 59 Bulgaria 25.3% compare
  6. 60 Bangladesh 24.0% compare

See the full ranking of 91 places →

More financial sector data for Panama

All data for Panama →

Frequently asked questions

What is stock market capitalization to gdp in Panama?
Stock market capitalization to gdp in Panama was 25.8% in 2020, according to Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's.
What is the highest stock market capitalization to gdp recorded in Panama?
The highest recorded value was 39.4% in 2006.
What is the lowest stock market capitalization to gdp recorded in Panama?
The lowest recorded value was 5.0% in 1993.
How does Panama rank for stock market capitalization to gdp?
Panama ranks 57th out of 91 countries with data for 2020.
Is stock market capitalization to gdp rising or falling in Panama?
Over the last ten years it is down 8.9%. The long-run trend across the full record is rising.
Where does this Panama data come from?
The figures come from Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's, published as part of Stock market capitalization to GDP (%). Statizoid updates them automatically from the source API.

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Stock market capitalization to GDP in Panama. Statizoid, drawing on Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's. Retrieved 29 August 2026, from https://financial-sector.statizoid.com/stat/stock-market-capitalization-to-gdp-percent/panama/

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About this data

Indicator
Stock market capitalization to GDP (%)
Unit
%
Source
Global Stock Markets Factbook and supplemental S&P data, Standard & Poor's
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
91 places, 2,329 data points, 1975–2020
Last refreshed

Value of listed shares to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is stock market capitalization, P_e is end-of period CPI, and P_a is average annual CPI. End-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF) and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).